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KM Birla's worst fear about Vodafone Idea may be coming true

Analysts see the sector rapidly evolving into a private duopoly of Airtel and Jio over the next 9-12 months.
The Economic Times



Pratt & Whitney names Ashmita Sethi managing director of India operations

Ashmita Sethi has been appointed as the managing director of Pratt & Whitney, a division of United Technologies for its India operations. She brings more than 20 years of experience from the defence and aerospace industry to this role and joins Pratt & Whitney following a career in corporate and public affairs with Boeing and Rolls-Royce.

India in a classic Darwinian mode of survival of the fittest: Uday Kotak

We are at a time where clean business and governance is coming to th...

Vistara passengers can now earn and burn frequent flier miles on Lufthansa

Codesharing allows an airline to book its passengers on its partne...

ET Prime Distribution
  • "Our members have been approaching us and want us to discuss a voluntary retirement scheme package with the government as it is expected that our job will be protected only for one year post privatisation. We are going to raise this issue at the meeting with the minister on Monday," an airline source told PTI.

    A senior Air India pilot who was suspended in May last year after being accused of sexual harassment by a woman colleague was found guilty by an internal committee of the airline but has been reinstated recently, senior officials said. The committee imposed a "major penalty" on Captain Sachin Gupta, who has now appealed to the next authority against the punishment, they said.

    "We are working with pilot community...of the customer airlines and the flight attendants. We are working with our customers (airlines) to figure out how we can communicate the message to passengers," said Darren Hulst, Deputy Vice President of Commercial Marketing, Boeing in New Delhi.

    A group of Indian public sector banks sought a bankruptcy order against embattled liquor tycoon Vijay Mallya during a High Court hearing in London. Judge Michael Briggs presided over the ongoing hearing in the insolvency division of the court on a bankruptcy petition filed by the banks last year, in relation to lending by Mallya's now-defunct Kingfisher Airlines.

    Besides SBI, the 13 Indian banks include Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co. Pvt Ltd.

    Spicejet Chairman and Managing Director Ajay Singh on Wednesday said that the airline is studying the market and may start operation to UAE's Ras Al Khaimah by the beginning of next year. "Just like we operate flights to Dubai, we can operate flight to Ras Al Khaimah," he said, adding that while bilateral rights between Indian cities and Ras Al Khaimah are thin.

    SpiceJet will first start flight operations between India and Ras Al Khaimah by early next year and after that establish a new airline in the UAE city.

    Talwar was deported to India from Dubai early this year after which he was arrested by the Enforcement Directorate (ED) and the CBI for his alleged role in lobbying in various UPA-era government deals, primarily in the aviation sector.

    The private carrier's losses widened despite it posting a 52% increase in second quarter operational revenue to 2,845.3 crore as it added more destinations and expanded its fleet of passenger and freighter aircraft.

    The crackdown came against the brackdrop of accidents and incidents this monsoon.August and September, according to DGCA data, have seen six and two incidents. There were 11 incidents in July — the highest in the year.

    With jet Airways no longer operating any flights, other airlines have come forward to fill up the winter slots occupied by the Jet till last year. Vistara has taken the lead followed by SpiceJet and AirAsia India in filling up the space.

    A source close to the deal says now that they are planning for a complete exit from Maharaja in the second attempt to divestment, there is unlikely to be any precondition for retaining the name of Air India for any specific period of time like last year.

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